Treasury Laws Amendment (Protecting Your Superannuation Package) Act 2019 (16 of 2019)

Schedule 1   Fees charged to superannuation members

Part 1   Amendments

Superannuation Industry (Supervision) Act 1993

9   At the end of section 29VA

Add:

Fees for members with low balances

(11) This rule is satisfied if:

(a) the fee is an administration fee or investment fee; and

(b) the fee is charged at a reduced amount, in accordance with section 99G, in relation to one or more members of the fund who hold the MySuper product; and

(c) in relation to the remaining members of the fund who hold the MySuper product, the fee would satisfy a charging rule in another subsection of this section if those were the only members of the fund who held the MySuper product.